Title 20, Chapter 3, Section 238
( 20-3-238)
The commission shall maintain a system of accounts in accordance
with generally acceptable accounting procedures and standard
accounting procedures and systems established by the state, where
applicable, which shall, among other things, properly identify and
account for all funds received by the commission from the
corporation and from the authority, respectively; the source of
receipt of such funds by the corporation and by the authority,
respectively; all expenditures of the commission made for or on
behalf of the corporation or the authority, respectively; all
expenditures of the commission, a pro rata part of which is properly
chargeable as an expenditure made for or on behalf of the
corporation or the authority, respectively; and the basis or method
used by the commission in prorating ratable expenditures of the
commission to the corporation and to the authority, respectively. No
agency fund moneys received by the commission from the corporation
shall be expended by the commission in payment of expenses incurred
for or on behalf of the authority. |